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Deal snapshot: MONGODB ACQUIRES DATABASE MANAGEMENT SYSTEM PROVIDER REALM FOR USD 39M.

MANews-(C)2009-2019

New York, US-based general purpose database platform MongoDB, Inc. (NASDAQ: MDB) has agreed to acquire US-based open source object database management system provider Realm for USD 39m in cash, the company said.

The acquisition is expected to close in 2Q of MongoDB's fiscal year ending Jan. 31, 2020, subject to the satisfaction of customary closing conditions. MongoDB said this acquisition is a natural fit for its global cloud database, MongoDB Atlas, as well as a complement to Stitch, the company's serverless platform.

Country: USA

Sector: Computer Software

Target: Realm

Buyer: MongoDB, Inc

Vendor:

Deal size in USD: 39m

Type: Corporate Acquisition

Financing: Cash

Status: Agreed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Apr 25, 2019
Words:111
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